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Posted On: 09/20/2022 10:04:17 PM
Post# of 22465
A wholly owned subsidiary is a company whose common stock is 100% owned by another company . A company can become a wholly owned subsidiary through an acquisition by a parent company.
https://www.investopedia.com/terms/w/whollyow...idiary.asp
From 10k
"in November 2008, pursuant to a merger transaction wherein the shareholders of Solterra exchanged their shares of common stock in Solterra for shares of common stock in Hague Corp., and Solterra became a wholly-owned operating subsidiary of Hague Corp "
https://www.investopedia.com/terms/w/whollyow...idiary.asp
From 10k
"in November 2008, pursuant to a merger transaction wherein the shareholders of Solterra exchanged their shares of common stock in Solterra for shares of common stock in Hague Corp., and Solterra became a wholly-owned operating subsidiary of Hague Corp "
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